independent contractors agreement by 4dpmLz

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									                                   GENERAL AGREEMENT


                                       Dated as of ________

THIS GENERAL AGREEMENT, dated and effective as of                     , by and between
«Company». (the "Sponsor") and        , (the "Independent Contractor").

WHEREAS the Sponsor is engaged in the business of ______(the " the Business"); and

WHEREAS the Sponsor desires to engage the Independent Contractor as an independent
_________ , and the Independent Contractor desires to_____, on the terms and conditions set forth
below;

NOW, THEREFORE, the Sponsor and the Independent Contractor agree as follows:

                                            ARTICLE I

                                             Definitions

Throughout this Agreement, the following terms shall have the following meanings:

Independent Contractor.                 .

Business.      ____________________________________.

Sponsor. «Company», a (Insert State) corporation.

Withdrawals. Such amounts as may be withdrawn from the Independent Contractor's profits from
time to time based solely on the Independent Contractor's profitability.

                                            ARTICLE II

                                               Term

The term hereof shall commence as of                , and shall terminate on the earliest of:

       (i)     Ninety (90) days after the Independent Contractor is incapacitated;

       (ii)    The death of the Independent Contractor; or

       (iii)   The effective date of termination pursuant to Section 6.1.
                                          ARTICLE III

                                       Sponsor's Obligations


3.1     The Sponsor shall not provide any structured training to the Independent Contractor who is
an experienced __________ and requires no training. Sponsor will be available to respond to any
inquiries by the Independent Contractor regarding his ________activities and obligations.

                                          ARTICLE IV

                               Independent Contractor's Obligations


4.1      The Independent Contractor will unilaterally determine the number of hours to be devoted
to fulfilling his obligations under this Agreement. The Independent Contractor will not be required
to devote all of his time to performing his obligations under this Agreement and shall provide
similar services to others.

4.2    The Independent Contractor will not be obligated to perform his services described in this
Agreement at the Sponsor's place of business, and may perform his services at a place of his own
choosing.


                                           ARTICLE V

                      Withdrawals of Independent Contractor's Commissions


5.1              Withdrawals of the Independent Contractor's Commissions shall be made at such
times and in such amounts (i) as the Sponsor in its sole and absolute discretion shall deem advisable
or (ii) as the Independent Contractor shall request and as to which the Sponsor shall consent shall
not be withheld unreasonably.


                                          ARTICLE VI

                                            Termination

6.1    (a)      Upon notice to the Independent Contractor, the Sponsor may terminate this
Agreement, with cause. Cause shall include (i) the Independent Contractor's failure to perform his
duties in accordance with the Sponsor's policies and procedures; and (ii) the Independent
Contractor's violating a material provision of this Agreement. Termination shall be effective
immediately upon the Sponsor's notifying the Independent Contractor of such termination, unless
such notice of termination indicates another effective date of termination.
       (b)     The Independent Contractor may terminate this Agreement:

               (i)for the failure of the Sponsor to comply with a material provision
               of this Agreement, upon 3 days' prior written notice; provided that
               the Independent Contractor has previously notified the Sponsor has
               failed to correct such failure.

6.2    Upon termination of this Agreement for any reason whatsoever the Sponsor's obligations
hereunder shall cease.

6.3   Upon termination of this Agreement the Independent Contractor's obligations to the
Sponsor shall cease except as follows:

        (a)     Any item provided by the Sponsor or purchased from proceeds, including business
records, written material, tapes, computer equipment or software, are the property of, and shall be
returned forthwith, to the Sponsor.

6.4    Any item provided by the Sponsor including business records, written material, tapes,
computer equipment or software, are the property of, and shall be returned forthwith to, the
Sponsor. Items purchased from proceeds of the Independent Contractor's Profits shall be the
property of the Independent Contractor.


                                          ARTICLE VII

                                           Miscellaneous

7.1     The Independent Contractor shall unilaterally determine when, where and how to perform
the services described in this Agreement.

7.2.   The Independent Contractor is authorized to hire, supervise and pay others at his own
expense, to assist him in performing his obligations under this Agreement.

7.3      The Independent Contractor shall receive no salary or benefits from the Sponsor. The
Independent Contractor's compensation shall be based exclusively on the profitability of his
securities trading. The Independent Contractor shall be completely responsible for paying all
federal, state and local income taxes, and social security taxes. The Independent Contractor shall be
deemed, for tax and all other purposes, to be an Independent Contractor with respect to his
activities on behalf of the Sponsor.

7.4     The terms and conditions hereof may be modified only by an agreement in writing signed
by the Sponsor and the Independent Contractor.

7.5   This Agreement shall be governed by construed and enforced under the laws of the State of
___________.
IN WITNESS WHEREOF, the Sponsor and the Independent Contractor have executed this General
Agreement as of the date set forth above:


SPONSOR:                                       INDEPENDENT CONTRACTOR:

«Company»


By:
      President

								
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